Reported 1 day ago
SoFi Technologies (SOFI) has re-entered the cryptocurrency market by expanding its blockchain capabilities, coinciding with its stock reaching a 52-week high of $18.92 due to strong financial results. Investors are optimistic that this move will drive further gains, as SOFI's recent performance includes a 200% increase from its low of $6.01. Despite a current 'Hold' rating from analysts with an average price target of $14.30, the company's growth in fee-based revenue and the new crypto offerings are seen as potential catalysts for future success.
Source: YAHOO